At the Aero India 2017, Aequs has announced to that it will open a high-end multi capability aerospace and defence manufacturing facility in Tuem, Goa.
This is the first venture of its kind in the private sector in India, which will manufacture high-end components & systems for aerospace and defence sector and support the ‘Make in India’ initiative.
The new facility will be established with an initial investment of Rs. 500 crore towards development of physical infrastructure, plant, machinery and equipment and is strategically located at the Industrial cluster (EMC) Tuem, Goa.
The new Aequs facility will be a multi-capability precision engineering with CNC machines and new age technology to design and produce precision components for the Indian Defense sector. It will also support the ‘Skill India’ initiative by upskilling employees in the fields of precision manufacturing and other new age technologies, thus bringing a key capability in aerospace manufacturing in the country.
During the deal signing, Aravind Melligeri, Chairman and CEO, Aequs said, “The new facility in Tuem, Goa is a sign of our commitment towards the Indian defence sector. The sector relies heavily on imported equipment and technology.
"With the new facility, we aim to support the ‘Make in India’ initiative for one of the most critical sectors in the country. Our strategy will also see technology transfers from aerospace giants around the globe, adding further to our manufacturing capabilities besides generating employment to close to 2000 people.”
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